I won't try to expand the question. I think we can all agree that corporate CEOs are paid way too much. Yes, minimum wage isn't enough to support a family. But, I think a high minimum wage makes kids around here unemployable. They don't need to support the family, so why should they make the same minimum wage as a 40 y.o. with 3 kids?
Simply looking at my situation, I want to hire a few part-time high school kids. I have had dozens come in and apply. But as it is, I can't justify hiring them straight away at $8. Neither are most of the other potential employers in town able to hire inexperienced kids at $8. It becomes expensive and time consuming to overpay, train, and motivate them. So, now we have a bunch of unemployed teens in town, making no spending money to learn how to work, and budget, and their parents need to bring home more money to support them.
Before you think I'm a rich, tight-fisted, idiot, I'm still in debt for the initial investments in the business. I work a ton of hours. My employees (all part-time) that have been with me very long are over $8. I have other skills, but since I was in Bethel, you can't really list that experience on an application since you have no work or income references. I have no college degree since I was raised JW. And I couldn't get just any job because of missing meetings, neutrality, holidays, etc. Despite what the bOrg says, Jehober doesn't miraculously bless his people with great jobs. What a lie they feed the sheeples. So, I found myself unemployed in an area of low opportunities. But my business is doing well, and more importantly I'm learning the truth about "the Truth". Mostly I'll stick to WT topics here on the forum, but this one caught my attention.
Back to the question, why would there need to be more US or state legislation to increase minimum wage? How about mandating that US imports are made with fairly paid foreign workers? What about the illegal immigrants that are paid below minimum tax-free throughout the US?